The Importance of Using Power of Attorney to Protect Yourself, Your Business, and Your Loved Ones

I recently discussed the importance of using a power of attorney to protect yourself, your business, and your loved ones. Without a power of attorney, no one – not your spouse, parent, or adult child – has an automatic right to your medical records or can make medical or financial decisions. Your business partner has no automatic right to make business decisions on your behalf.

What happens if you will be in the hospital for an extended stay and your business needs to pay its employees or sign a contract for a vendor? Who is best suited to make these decisions on behalf of a business owner? Continue reading »